"the EU is out there building the new free [trade] world, with itself as the biggest lynchpin"
At its usual pace ... do you know when the negotiations with Mercosur started? Year 2000. Only now we have an agreement. Still, better than not doing anything at all. But I wonder how many of the original negotiators are still alive.
It also yet remains to be seen what happens if China puts a real pressure on us. Our list of allies is now somewhat thin and we have to cozy up to India, which indirectly funds the Russian war against Ukraine by importing Russian weapons and Russian oil/gas, the latter in huge quantities. Still, better than cozying up to China, because the possibility that Beijing teaches Brussels some cool tricks to keep the population under perfect surveillance scares me.
>Still, better than not doing anything at all
How is Mercosur better for the EU citizens?
German car companies get new countries in which to see themselves destroyed by China?
Super wealthy people in developing countries will still buy high-end Porsches and Mercedes G-wagons instead of Xiaomi EVs. For now.
But the EU makers likes of VW are fucked since they sell Chinese quality cars at premium prices and German union workers expect six figure salaries for a hard 35h week of bolting bumpers to cars.